ISMA revises upwards estimates of gross sugar output by 9.5 lakh tons to 340 lakh tons in 2023-24

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Sugar industry body ISMA on Wednesday revised its estimates for gross production of the sweetener by 9.5 lakh tonnes to 340 lakh tonnes in the marketing year ending September..

In January, Indian Sugar Mills Association (ISMA) had projected the gross sugar production, without any diversion for ethanol, at 330.5 lakh tonnes in 2023-24 marketing year (October-September)...

In a statement, ISMA said the gross sugar production is now estimated at 340 lakh tonnes in 2023-24, as against the gross output of 366.2 lakh tonnes in the previous year...

"Accordingly, ISMA has revised its all-India sugar production estimate for 2023-24 (before diversion into ethanol) as 340 lakh tonnes, against its earlier estimate of 330.5 lakh tonnes released in January 2024," the statement said...

The net sugar production stood at 328.2 lakh tonnes during 2022-23 marketing year with a diversion of 38 lakh tonnes of sweetener for ethanol-making from sugarcane juice and B-heavy molasses...

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